Liberty Global to Buy VodafoneZiggo Stake for $1.0B

Liberty Global has entered into a definitive agreement with Vodafone Group to acquire Vodafone’s 50% shareholding in the Dutch telecommunications joint venture VodafoneZiggo. Under the terms, Vodafone will receive $1.0 billion in cash and a 10% stake in a new Benelux company to be named Ziggo Group.

Ziggo Group will hold Liberty Global’s interests in VodafoneZiggo and Telenet in Belgium. Both VodafoneZiggo and Telenet will continue operating under their current brands, with their management teams focused on their respective strategic plans. Liberty Global plans to list Ziggo Group in Amsterdam in 2027 and spin off 90% of the shares to Liberty Global shareholders, subject to shareholder approval.